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Mexico: Inflation slows in October from September
Latest reading: Consumer prices were up 3.6% on a year-on-year basis in October, following a 3.8% increase in the previous month. The reading was broadly in line with market expectations and the Central Bank’s 2.0%–4.0% target range.
Relative to the prior month’s figures, price pressures reduced for food, beverages and tobacco in October (+3.3% on a year-on-year basis vs +4.4% in September). In contrast, there were more notable price pressures for housing (+3.4% vs +3.2% in September), transportation (+1.3% vs +1.1% in September), education and recreation (+3.9% vs +3.7% in September) and clothing, footwear and accessories (+2.3% vs +2.0% in September).
Meanwhile, core consumer prices rose 4.3% in annual terms in October, stable from the previous month’s reading.
Finally, consumer prices increased 0.36% in October on a month-on-month basis, following a 0.23% increase in the previous month.
